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Russia Seeks Free Trade Deal with USA Print E-mail
by Tom McGregor    Thu, Dec 12, 2013, 09:36 PM

Russian officials have disclosed that the White House is open to suggestions on a potential free trade deal with Moscow, despite recent diplomatic tensions between the two countries.

The Moscow Times reports that, "Russia has proposed a series of bilateral trade negotiations with the U.S. under the umbrella of a hoped-for new trade agenda between the two countries, a senior Russian official said. He said Russia, in a meeting with top U.S. trade officials on Wednesday, had floated the idea of establishing a framework for talks that could lead to up to five separate deals, beginning with a pact on investment."



A senior Russian official is quoted as saying that, "maybe we will not call it free trade agreement negotiations, but maybe comprehensive approach and comprehensive trade agenda, which would mean that we could divide the whole agenda into different agreements."

According to the Moscow Times, "The proposal was made in a meeting between Russian First Deputy Prime Minister Igor Shuvalov and U.S. Trade Representative Michael Froman, according to the official. A spokeswoman for Froman said the U.S. looked forward to working with Russia to address outstanding issues, including those related to Russia's implementation of its World Trade Organization commitments, and "to further realize the significant potential of the U.S.-Russia economic relationship."

Noetheless, Rissuan officials warned that it could take up to 15 years before the two countries could sign a free trade agreement.

To read the entire article from the Moscow Times, link here:

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